Uber’s Delivery Boom Turns Profit | Business and Finance News

Uber’s user growth is exploding, fueled by booming delivery demand that now drives over a third of its revenue. After years of losses, the company is finally turning a profit with rising margins — even as its stock lags behind. CEO Dara Khosrowshahi revealed record first-time user gains in just one year, signaling strong retention. Deliveries are surging 28% YoY versus just 1% for rides, powering overall revenue and profitability. With a lower valuation than peers, Uber’s stock may be primed for a major rebound. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/32ed29695a990b84